We have been appointed to manage the first purpose-built Build to Rent (BtR) project from Ravelin Housing Ltd, Portsmouth City Council’s wholly owned development company.
As managing agent for Brewery House in Hambrook Street, Southsea, we will oversee the professional letting and management of 17 new apartments, including four affordable homes, all for key workers.
The scheme has involved the renovation of the former Hambrook Street bottling store, a locally listed building originally operated by Long & Co Brewery and recognised for its character and historic interest.
In 1941, a German air raid on Portsmouth flattened the brewery, with bomb damage painstakingly repaired and the building restored in 1973. But although recognised as a heritage asset for the city, it eventually fell into disuse.
Topped out in December 2022, the four-storey Brewery House has been converted into 13 two-bedroom and 4 one-bedroom apartments in a sensitive and environmentally friendly renovation signed on the frontage as The Brewery.
Chinneck Shaw Associate Director Harry Renton-Rose, who has extensive experience of BtR developments including in London, said: “The Brewery House scheme is all about contributing much needed, modern homes to address housing demand in our city.
“While being the first of its kind here in Portsmouth, it reflects growing interest in Build to Rent developments nationally as part of the private rented sector.
“Our bid to the Council emphasised our long-standing Portsmouth presence and success as a trusted management partner for landlords and property owners across the city and wider region.
“We are hugely excited to be appointed as managing agent for Brewery House and have the opportunity to play our part in the scheme’s future.”
Brewery House is the first BtR scheme to be taken forward by Ravelin Housing, tasked by the Council with the delivery of private and affordable housing for sale and rent.
The building contractor is Ascia Construction and the eventual owners will be Hambrook Street Ltd.
Profits from Brewery House and other Ravelin developments will be used to support council services and deliver further homes in the future.
After the topping out, extensive interior works took place ahead of practical completion in autumn 2023.
We will now begin marketing the homes with the first tenants expected to take up residence in the new year.
Tom Southall, Managing Director of Ravelin Housing Ltd, said: “We are very pleased to have appointed Chinneck Shaw as the managing agent for our first development under Ravelin Housing. The building boasts modern, affordable and efficient housing that helps to support our local housing demand. This is a significant step forward for Ravelin Housing and the city alike and I am pleased that we can offer housing to local people.”
On our blog page, we’ve published a post explaining why interest in BtR is growing.
If you would like to discuss how Chinneck Shaw can help you with property management or investment, contact us on 02392 82673, visit our ‘Let’ pages or follow us on social media @ChinneckShaw.
For more information on Brewery House, email firstname.lastname@example.org or call 023 9282 6731.
NEW HOMES. At Brewery House in Portsmouth are Chinneck Shaw Managing Director Neil Shaw, left, Associate Director Harry Renton-Rose and Accounts Manager Shelley Morris-Green. Chinneck Shaw has been appointed as managing agent for the 17-apartment scheme, the first purpose-built Build to Rent project from Ravelin Housing Ltd, Portsmouth City Council’s wholly owned development company.